Macquarie Group is a global asset manager which spent decades branching out from its Australian investment banking roots. Asset management provides more recurring revenue streams compared with transactional based investment banking, but still carries volatility as base management fees are tied to underlying asset values--primarily fixed income, equities, and infrastructure assets.
Macquarie’s position as the largest infrastructure asset manager globally leaves the firm well placed to benefit from underlying demand for assets and investors searching for maintainable income streams.
Without the support of falling cash rates it is unlikely Macquarie can continue to achieve as high returns in infrastructure, resulting in lower performance fee income.
|
Metric
|
MQG
|
JPM
|
GS
|
|---|---|---|---|
Price/Earnings (Normalized) | 24.28 | 11.43 | 15.23 |
Price/Book Value | 2.67 | 1.89 | 1.55 |
Price/Sales | 14.44 | 3.60 | 3.38 |
Price/Cash Flow | — | 9.24 | 10.01 |
|
Metric
|
MQG
|
JPM
|
GS
|
|---|---|---|---|
Quick Ratio | 1.11 | — | — |
Current Ratio | 2.09 | — | — |
Interest Coverage | 0.10 | — | — |
|
Metric
|
MQG
|
JPM
|
GS
|
|---|---|---|---|
Return on Assets (Normalized) | −0.21% | 1.44% | 0.87% |
Return on Equity (Normalized) | −2.50% | 19.14% | 14.05% |
Return on Invested Capital (Normalized) | −1.52% | — | — |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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United States